#FTXrepayment

FTX, once a leading cryptocurrency exchange, collapsed in late 2022, leading to significant financial losses for its users. Over two years later, the company has initiated the repayment process, marking a pivotal moment in the crypto industry's recovery.

On February 18, 2025, FTX began distributing approximately $1.2 billion to its creditors, focusing initially on those with claims under $50,000. This move is expected to benefit around 98% of the affected users, who will receive approximately 118% of their original claims.

The repayment plan prioritizes customers over governmental claims, with the possibility of interest payments up to 9%. Subsequent distributions are scheduled for April 11 and May 30, 2025.

This development underscores the importance of robust regulatory frameworks in the cryptocurrency sector to protect users and maintain market integrity.